Pembina Pipeline (NYSE:PBA) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) from a hold rating to a buy rating in a research report report published on Friday morning.

Separately, TheStreet raised Pembina Pipeline from a c rating to a b- rating in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $50.33.

Pembina Pipeline Stock Performance

Shares of NYSE:PBA opened at $34.48 on Friday. The firm has a market capitalization of $19.98 billion, a PE ratio of 15.60, a P/E/G ratio of 5.08 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.71. The business has a 50-day moving average of $34.80 and a two-hundred day moving average of $33.42. Pembina Pipeline has a 12 month low of $28.15 and a 12 month high of $36.17.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.55 by $0.34. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.83 billion. As a group, research analysts forecast that Pembina Pipeline will post 2.28 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.4944 dividend. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $1.98 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend was Thursday, March 14th. Pembina Pipeline’s dividend payout ratio (DPR) is currently 89.14%.

Institutional Trading of Pembina Pipeline

Several large investors have recently added to or reduced their stakes in PBA. ICA Group Wealth Management LLC acquired a new stake in Pembina Pipeline in the 4th quarter valued at approximately $25,000. ST Germain D J Co. Inc. acquired a new stake in Pembina Pipeline in the 2nd quarter valued at approximately $32,000. Baystate Wealth Management LLC acquired a new position in shares of Pembina Pipeline during the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC increased its position in shares of Pembina Pipeline by 74.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 462 shares during the period. Finally, Coppell Advisory Solutions LLC acquired a new position in shares of Pembina Pipeline during the 2nd quarter valued at $41,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.